Development in and Around Syracuse Discussion | Page 115 | Syracusefan.com

Development in and Around Syracuse Discussion

shandeezy7 said:
I've always thought this was a perfect candidate to be converted into apartments, especially with the outer Franklin Square buildings all renovated. It's literally a 2 minute drive to downtown.

www.syracuse.com

Will & Baumer candle factory gets new life, but what will happen to the smokestack? (Drone video)

Will the factory's iconic smoke stack that looks like a giant candle be saved?
www.syracuse.com www.syracuse.com
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With some infrastructure investment, forget the drive - it could be a five-minute walk to the mall, baseball stadium, train station, and Onondaga Lake Park.

Heavy lift there, the property's seen a lot of tire-kickers over the last decade. Skeptical that this is the right developer.
 
OttoMets said:
With some infrastructure investment, forget the drive - it could be a five-minute walk to the mall, baseball stadium, train station, and Onondaga Lake Park.

Heavy lift there, the property's seen a lot of tire-kickers over the last decade. Skeptical that this is the right developer.
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Definitely seems like a project that will take a long time to come to fruition, even with the right developer. Hope it works out though. It's a unique property.
 
I believe this picture of the administration building is from the 70's. It looks quite dilapidated now.

1619788701620.png
 
OttoMets said:
With some infrastructure investment, forget the drive - it could be a five-minute walk to the mall, baseball stadium, train station, and Onondaga Lake Park.

Heavy lift there, the property's seen a lot of tire-kickers over the last decade. Skeptical that this is the right developer.
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If they could get that area of Buckley, Old Liverpool Rd., and Park St cleaned up with a suitable bike lane and sidewalk that would be a huge bonus, it's a mess down there. When I lived over on the North Side I used to bike up to Onondaga Lake and went that way to get to the Parkway and it was about as bad as you can imagine.
 
www.syracuse.com

Newest Central New York brewery is small, out-of-the-way and experimental

Underground Beer Lab is Onondaga County's 19th craft brewer.
www.syracuse.com www.syracuse.com

"Underground Beer Lab is not strictly speaking underground. But it is in an out-of-way, almost hidden location.

It does produce beer. And its three partners are always experimenting.

Underground Beer Lab is Onondaga County’s 19th and newest craft brewery, and one of its smallest. Its based in the back of an industrial building at 7000 Airways Park Drive, off Fly Road in DeWitt. That’s a bit east of Hancock Airport, near the spot where Interstate 481 crosses over over Collamer Road (Route 298)."
 
KellySyracuse said:
www.syracuse.com

Newest Central New York brewery is small, out-of-the-way and experimental

Underground Beer Lab is Onondaga County's 19th craft brewer.
www.syracuse.com www.syracuse.com

"Underground Beer Lab is not strictly speaking underground. But it is in an out-of-way, almost hidden location.

It does produce beer. And its three partners are always experimenting.

Underground Beer Lab is Onondaga County’s 19th and newest craft brewery, and one of its smallest. Its based in the back of an industrial building at 7000 Airways Park Drive, off Fly Road in DeWitt. That’s a bit east of Hancock Airport, near the spot where Interstate 481 crosses over over Collamer Road (Route 298)."
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With that name, they should be in the old Empire space in Armory.
 
No tasting room yet but you can pre-order beers from their website to pick up.


"Beers produced so far include a couple of hazy New England-style IPAs, a sour IPA, a Farmhouse IPA and a Belgian table beer. A pilsner is aging in a wooden tank called a foeder, which will later be used to age sours and other “funky” beers."
 
Fly Rodder said:
With that name, they should be in the old Empire space in Armory.
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I forgot about that place, what a shame they closed. I'll guess it's likely still vacant, I haven't been to Armory in a while. Today may be a good day to stop by Blue Tusk
 
KellySyracuse said:
If they could get that area of Buckley, Old Liverpool Rd., and Park St cleaned up with a suitable bike lane and sidewalk that would be a huge bonus, it's a mess down there. When I lived over on the North Side I used to bike up to Onondaga Lake and went that way to get to the Parkway and it was about as bad as you can imagine.
Expand...

Yeah, I've walked between the mall and the ballpark a couple times...awful.
 
Update on the Empire, there was a guy from NYC interested in leasing the space. He wanted to know if he could make $200k a month as he needed that much to break even as rent is $27k a month for that place. The other restaurant owners said absolutely not.

Second hand info I got at Blue Tusk today when I asked about it.
 
KellySyracuse said:
Update on the Empire, there was a guy from NYC interested in leasing the space. He wanted to know if he could make $200k a month as he needed that much to break even as rent is $27k a month for that place. The other restaurant owners said absolutely not.

Second hand info I got at Blue Tusk today when I asked about it.
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The rent is insane for that space. I'll never understand some of these moron landlords downtown that sit on empty commercial/retail space because of their outlandish rent demands. It's why the spot where Margaritas is sat vacant for so long.
 
KellySyracuse said:
Update on the Empire, there was a guy from NYC interested in leasing the space. He wanted to know if he could make $200k a month as he needed that much to break even as rent is $27k a month for that place. The other restaurant owners said absolutely not.

Second hand info I got at Blue Tusk today when I asked about it.
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I really wish more locals owned the buildings downtown. Seems like most are owned by NYC people. At this point most people here have been priced out.
 
shandeezy7 said:
The rent is insane for that space. I'll never understand some of these moron landlords downtown that sit on empty commercial/retail space because of their outlandish rent demands. It's why the spot where Margaritas is sat vacant for so long.
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Cusefan0307 said:
I really wish more locals owned the buildings downtown. Seems like most are owned by NYC people. At this point most people here have been priced out.
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I'd synopsize it, but she did great research and it's really worth the full read without my editorializing: What’s up with all those empty commercial storefronts in new mixed-use developments? (strongtowns.org)

I will say that there are some good real estate opportunities downtown still, but it's interesting to see properties being scooped up in secondary neighborhoods on the periphery - Near West Side, Little Italy, and even to some extent on the South Side. To me that suggests that the downtown market is tightening up: the low-hanging fruit has been redeveloped, economics don't quite support new construction on vacant lots (or wholesale renovation of the couple enormous vacant properties like Sibley's or the Post-Standard), so developers (in most cases local) are forced to take chances on projects that are outside the traditional core.

I believe this is where we'll generate the critical mass of population that will bring retail demand to fill in all the vacant storefronts. Or the bubble will burst and there'll be no one to fill the new apartments and some lenders will be left holding the bag. One or the other.
 
OttoMets said:
I'd synopsize it, but she did great research and it's really worth the full read without my editorializing: What’s up with all those empty commercial storefronts in new mixed-use developments? (strongtowns.org)

I will say that there are some good real estate opportunities downtown still, but it's interesting to see properties being scooped up in secondary neighborhoods on the periphery - Near West Side, Little Italy, and even to some extent on the South Side. To me that suggests that the downtown market is tightening up: the low-hanging fruit has been redeveloped, economics don't quite support new construction on vacant lots (or wholesale renovation of the couple enormous vacant properties like Sibley's or the Post-Standard), so developers (in most cases local) are forced to take chances on projects that are outside the traditional core.

I believe this is where we'll generate the critical mass of population that will bring retail demand to fill in all the vacant storefronts. Or the bubble will burst and there'll be no one to fill the new apartments and some lenders will be left holding the bag. One or the other.
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it's remarkable to me that someone thinks the old Empire space is worth $27k a month, are they out of their minds? I did hear today that the owners of the building are from Long Island, that to me shows the mind bending disparity between downstate and upstate. Who in their right mind would think a Syracuse restaurant could generate $200k a month? Insanity
 
KellySyracuse said:
it's remarkable to me that someone thinks the old Empire space is worth $27k a month, are they out of their minds? I did hear today that the owners of the building are from Long Island, that to me shows the mind bending disparity between downstate and upstate. Who in their right mind would think a Syracuse restaurant could generate $200k a month? Insanity
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They own several different vacant retail spaces in Armory, including the old Empire, the old Eureka Crafts building and the old Urban Outfitters building.
 
KellySyracuse said:
it's remarkable to me that someone thinks the old Empire space is worth $27k a month, are they out of their minds? I did hear today that the owners of the building are from Long Island, that to me shows the mind bending disparity between downstate and upstate. Who in their right mind would think a Syracuse restaurant could generate $200k a month? Insanity
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Yep, that sounds unreasonable (if I'm getting the numbers right, that's more per square foot than Five Guys is paying for their new location on South Crouse, for a smaller space, obviously, but that's pretty close to the top of the retail market in CNY).

 
KellySyracuse said:
it's remarkable to me that someone thinks the old Empire space is worth $27k a month, are they out of their minds? I did hear today that the owners of the building are from Long Island, that to me shows the mind bending disparity between downstate and upstate. Who in their right mind would think a Syracuse restaurant could generate $200k a month? Insanity
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People who don't care about the area at all.
 
shandeezy7 said:
Not Syracuse-related but historic preservation and adaptive reuse is a topic that I'm highly interested in, and I've watched these projects develop somewhat closely over the past few years. Nice to see them featured in a national publication.

savingplaces.org

Food Start-ups Bring Style and Sustenance to Newly Rehabilitated Buildings in Buffalo, New York | National Trust for Historic Preservation

A pair of shabby industrial buildings becomes a polished launching pad for bakers, chocolatiers, and mushroom-growers alike.
savingplaces.org savingplaces.org
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This is a cool project from Termini.

Southern Junction is one of my favorite places. Awesome food.
 

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